Volume swings are defined as increasing volume and higher highs/lower lows over a minimum of three bars.
This script tracks volume swings over an intraday chart and stores the final lowest low swing / highest high swing over the course of the day. The final high swing and low swing are then plotted over the following day as possible retracement / support & resistance levels.
Intraday levels for the current day can also be displayed, which may or may not be the final swings for the day, but are also possible areas of interest.
Could you please make a video to explain this better, I like your indicator , but if you make a video, how to use this indicator and what are those green and red regions , then It will be a great support to understand this indicator
am67
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why it is not on free account ? do i hv to be premium member for this ?
dgtrd
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professionally and very well coded, congrats
recently i published "Price Action - Support & Resistance by DGT", where the consept is almost same ;-). Aimed to made it applicable to higher timeframes as well.
serdardelge
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red, greens indicate supply and demand zones.
PineCoders
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This publication is now featured in our Editors' Picks: tradingview.com/scripts/editors-picks/ .
In the name of all TradingViewers, thank you for your valuable contribution to the community, and congrats!
Pratik_4Clover
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Interesting idea, thanks!
MBBT
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Hot stuff, thank you for sharing.
zschonn
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Good job mate !! Can it be possible if I could change bars settings ? minimum or maximum.